The Netherlands extradited Denis Mihaqlovic Dubnikov, accused of cryptocurrency laundering, to the United States for a 5-day jury trial that will begin on October 4.
The US Department of Justice has announced that 29-year-old Denis Mihaqlovic Dubinkov could face up to 20 years in prison if found guilty in a trial that will begin on October 4.
Ryuk Could Be Imprisoned for Years if Crypto Launderer Convicted
The Justice Department cited court documents claiming that Dubnikov and his accomplices laundered payments from victims of the Ryuk ransomware attacks.
The Ministry of Justice said in a statement:
“After allegedly receiving ransom payments, the actors of Ryuk, Dubnikov, his associates, and others involved in the scheme allegedly engaged in various financial transactions with the ransom proceeds, including international financial transactions.”
Dubnikov allegedly laundered more than $400,000 in ransom proceeds from Ryuk (a ransomware targeting thousands of victims worldwide). The Ministry of Justice, on the other hand, claimed that “Those involved in the conspiracy laundered at least $70 million in ransom income.”
While several agencies were working on the case, the Department of Justice’s International Affairs Office extradited Dubnikov and began working in coordination with the Department’s Ransomware and Digital Extortion Task Force, which was formed to combat digital extortion attacks. The FBI’s Portland Field Office is investigating the case.
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